2022
Exports
$19.2MWorld Rnk 40 / 181
Flag Rnk 350 / 1177
2022
PRODUCT COMPLEXITY IN Scrap Plastic
-0.71Rnk 759 / 1025
2022
Imports
$21.2MWorld Rnk 35 / 188
Flag Rnk 560 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $19.2M in Scrap Plastic, making it the 40th largest exporter of Scrap Plastic in the world. At the same year, Scrap Plastic was the 350th most exported product in Hong Kong. The main destination of Scrap Plastic exports from Hong Kong are: Vietnam ($11.4M), Malaysia ($4.02M), Thailand ($2.03M), United States ($541k), and Singapore ($263k).

The fastest growing export markets for Scrap Plastic of Hong Kong between 2021 and 2022 were Vietnam ($3.18M), Malaysia ($2.92M), and Singapore ($178k).

Imports In 2022, Hong Kong imported $21.2M in Scrap Plastic, becoming the 35th largest importer of Scrap Plastic in the world. At the same year, Scrap Plastic was the 560th most imported product in Hong Kong. Hong Kong imports Scrap Plastic primarily from: Japan ($6.24M), Mexico ($4.44M), United States ($3.66M), China ($1.3M), and Chinese Taipei ($805k).

The fastest growing import markets in Scrap Plastic for Hong Kong between 2021 and 2022 were China ($1.06M), Chinese Taipei ($288k), and Singapore ($114k).

COMPANIES In 2023, leading companies such as Brother Industries (2) were at the forefront of shipping Scrap Plastic from Hong Kong to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Scrap Plastic. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.2M
IMPORTS (2022)$21.2M
NET TRADE (2022)-$2.05M

In 2022, Hong Kong exported $19.2M in Scrap Plastic. The main destinations of Hong Kong exports on Scrap Plastic were Vietnam ($11.4M), Malaysia ($4.02M), Thailand ($2.03M), United States ($541k), and Singapore ($263k).

In 2022, Hong Kong imported $21.2M in Scrap Plastic, mainly from Japan ($6.24M), Mexico ($4.44M), United States ($3.66M), China ($1.3M), and Chinese Taipei ($805k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Plastic EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Vietnam$3.18M (38.5%)
Malaysia$2.92M (265%)
Singapore$178k (211%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Plastic BY Hong Kong WERE (2021 - 2022):
Indonesia-$177k (-85.5%)
Philippines-$152k (-67.1%)
South Korea-$122k (-43.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Scrap Plastic were:
In 2022, Hong Kong's main importing competitors in Scrap Plastic were:

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Trade Value of Scrap Plastic by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $613k
TOP IMPORT POTENTIALChina+ $970k

Scrap Plastic’s highest export potential is United States. With an export gap of $613k.   Scrap Plastic’s highest import potential is China with an import gap of $970k.

See methodology.

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